A well-known Bitcoin expert has made an intriguing case for a remarkable surge that would propel the price of Shiba Inu by an astonishing 193,774% to reach $0.05.
Over the past 24 hours, Shiba Inu has emerged as one of the top-performing assets, with gains exceeding 8%. After hitting a low of $0.00002365 earlier in the day, the bulls have managed to push it to a new daily high of $0.00002592 at the time of writing.
The gradual resurgence of Shiba Inu has caught the attention of optimistic market observers who are adjusting their expectations in this thriving bull market. One such observer is Bitcoin author Jason Williams.
In a recent post on X, Williams boldly set a target of $0.05 for Shiba Inu during this ongoing bull cycle. This ambitious projection for Shiba Inu aligns with his prediction of Bitcoin reaching $336K by 2025.
Currently trading at $0.00002579, Shiba Inu would experience an astonishing 193,774% increase if it were to eliminate three zeros and reach $0.05.
To put this into perspective, Williams is anticipating a 1,937-fold price growth for Shiba Inu by 2025. Interestingly, his projection for Bitcoin reaching $336K implies only a four-fold gain, which would result in a market cap of around $6.6 trillion. Other industry experts have also set similar targets for Bitcoin in this cycle.
However, if Shiba Inu were to reach $0.05, its market cap would soar to $29.46 trillion, surpassing Bitcoin’s market cap by more than four times. This suggests that Williams expects Shiba Inu to surpass Bitcoin in prominence during this cycle, although this scenario is highly speculative and unlikely.
On the other hand, prediction platforms like Telegaon have speculated about when Shiba Inu might reach $0.05. According to a report from Telegaon, SHIB could potentially have a minimum price of $0.054 by 2040, sixteen years from now. They also proposed a minimum price of $704,543 for Bitcoin by that time.
Assuming Bitcoin’s circulating supply reaches 20 million by 2040, its market cap would be $14 trillion. While this would still be lower than Shiba Inu’s hypothetical $29 trillion cap, SHIB’s supply is expected to diminish significantly over sixteen years.
Therefore, it is important to note that Shiba Inu’s market cap might not reach $29 trillion by 2040 at a price of $0.05, unlike Bitcoin’s fixed supply.
Disclaimer: This article is for informational purposes only and should not be considered as financial advice. The opinions expressed in this article are solely those of the author and do not reflect the views of The Crypto Basic. Readers should conduct their own research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.